Post by
woodman1 on Nov 21, 2022 1:50pm
my 3 cents
the repercussions of rising interest rates on the economy shoud be kicking in soon. Lag is about 4-6 months. IVN will be affected by this when the stock market begins to tank. IVN shorts are rising. More and more economists see a recession here or coming. Americans are paying a lot more for goods due to inflation and will get worse. China economy is a mess with covid lockdowns. $20 is coming but not in the short term. There will be one more blowout in the stock market. One more chance to buy low.
Comment by
Cobalt on Nov 22, 2022 10:05am
Right , we still waiting for the earnings to come down , Market PE is like 18 now bottoms around 14 in a recession , and the E still needs to drop , retest the lows around March give or take dyodd